Articles by Larry Neumeister

Fake Saudi Princess Gets Jail for Insurance, Credit Fraud

A judge striving to be the fairest of them all on Tuesday sentenced to a year in jail a woman who pretended to be a Saudi Arabian princess as she fleeced insurance and credit card companies. It was not a …

N.Y. City, Contractors Seek Immunity from Emergency Worker Lawsuits

A lawyer asked a judge last Thursday to protect New York City and about 150 private contractors from lawsuits filed by thousands of emergency workers who got sick after working in the dust of the World Trade Center. The lawyer, …

World Trade Center Leaseholder Loses Bid to Cover Legal Costs

A judge has ruled that World Trade Center leaseholder Larry Silverstein cannot force insurance companies to pay his legal fees related to litigation stemming from the Sept. 11 terrorist attacks. U.S. District Judge Alvin K. Hellerstein said Thursday that it …

Insurers Back in Court Over World Trade Center Coverage

Insurance companies asked a federal appeals court in New York this week to reject a jury verdict that would enable developer Larry Silverstein to obtain an extra $1.1 billion to rebuild the World Trade Center complex. Meanwhile, Silverstein’s lawyers asked …

Insurer Sues to Rescind Environmental Coverage for St. Louis Cardinals

An insurance company in New York accused the owner of the St. Louis Cardinals of making false claims about contamination on the land under the team’s new stadium and then demanding it pay much of the $14 million cleanup costs. …

N.Y. City Dismissed as Defendant in World Trade Center Collapse

New York City was dismissed from a federal lawsuit alleging that it was negligent in the collapse of a building at the World Trade Center that crumbled hours after the twin towers fell. Judge Alvin K. Hellerstein dismissed the city …

AIG Seeks $18 Billion in Stock from Greenberg’s Starr International

American International Group Inc. has asked a court to force a company led by its former chief executive, Maurice R. Greenberg, to relinquish nearly $18 billion in stock set up to benefit AIG executives. AIG, the nation’s largest insurance company, …

Judge Approves ‘Historic’ $6.1 Billion WorldCom Settlements

Former WorldCom investors can now claim back some of the billions of dollars they lost in a massive accounting fraud, after a federal judge in New York approved legal settlements of “historic proportions.” The deal approved this weekby U.S. District …